Patrick J. D’Arcy, an Irvine, California attorney, has substantial real estate transactional experience, including representing owners of commercial shopping centers, developers, property managers and landlords. Patrick J. D’Arcy has significant real estate litigation experience too, including representing lenders, owners and real estate brokers, as well as a myriad of real estate properties, from estate homes, shopping malls, airports and Wall Street investment portfolios. Recently, Patrick J. D’Arcy obtained a full dismissal of a real estate lawsuit involving Burger King CEO’s in federal court, and wiped out a $450,000 damage claim – just on the pleadings. The federal judge agreed with Mr. D’Arcy’s defenses, and issued a 20 page opinion dismissing the case completely.
Pat’s career in real estate includes many notable landmark properties: the $229 million title insurance policy issued on the Sherman Oaks Galleria in 1989, a $500 million hospital merger, the $2 billion Unocal-Tosco merger of Unocal oil fields, the $500 million merger of Macy’s, Wall Street portfolios of more than $1 billion, the airspace rights for a hotel, assisting the Burbank Airport to condemn land for airport expansion, the sale of the Bullocks Wilshire building to Southwestern Law School, the $90 million transfer of the Wells Fargo building in downtown Los Angeles, the sale of California Plaza, the sale and merger of Harvard and Westlake High Schools into “Harvard-Westlake,” the transfer of the former estate of Judy Garland in Malibu, and the sale and transfer of many properties owned by celebrities, including Paul Allen of Microsoft, John Landis, Steve Martin, Corbin Bernsen, Larry Hagman, Dolph Lundgren, Kenny Loggins, Eric Dickerson (of the Rams), Vidal Sassoon, and many others.
Pat has also drafted many types of real estate contracts, including mergers of businesses, buy-sell agreements, and corporate minutes, bylaws and other matters.
Patrick J. D’Arcy is an expert witness for real estate matters involving BRE licensed salespersons/brokers and title insurance. Pat has a broker’s license, and was the original pioneer of the controlled-business relationships between title companies and mortgage companies (related to RESPA), and set up and managed these companies in various states, including Ohio, Minnesota, California, Texas and others. Pat created these companies for public companies such as First American, Weyerhauser, Centex and E-Loan. The largest, in Texas, was projected to do $10 million per year, which Pat formed with himself as the original employee.
